October 3, 2013 / 5:44 AM / 4 years ago

India Ratings for Indian debt instruments-Oct 3

Oct 3 (Reuters) - Below are the ratings awarded by India Ratings and Research Private Ltd
(India Ratings), formerly known as Fitch Ratings India for local debt instruments as of
October 1, 2013.

COMPANY                         INSTRUMENT                  RATING       AMOUNT   MOVEMENT
------                          ----------                  ------       ------   ---------
Bhansali Engineering Pvt Ltd    Non-FB limits              IND A4+      1200     Suspended
Gulabdas & Co'S                 FB facility                IND A4       200      Suspended
Jaisingh Wires Pvt Ltd          FB WC limit                IND A1       30       Affirmed
(reduced from INR47m)
Jaisingh Wires Pvt Ltd          Non FB Fac                 IND A1       220      Affirmed
(increased from INR85m)
Precision Automation And        CP programme               IND A2+      250      Suspended
Robotics India Ltd

Bhansali Engineering Pvt Ltd    CC limits                  IND BB       600      Suspended
Gajanan Solvex Ltd              TL                         IND B+       3500     Suspended
Gajanan Solvex Ltd              FB Fac                     IND B+       2000     Suspended
Indore Treasure Market City     LT Bk loans                IND B+       1650     Suspended
Pvt Ltd
Nagai Power Pvt Ltd             Senior project terms loans IND BB+      1700     Assigned
                                (Phase I)
Precision Automation And        long-TL                    IND BBB-     952.79   Suspended
Robotics India Ltd
Precision Automation And        FB limits                  IND BBB-     930      Suspended
Robotics India Ltd
Precision Automation And        Non-FB WC limits           IND BBB-     905.55   Suspended
Robotics India Ltd
Prime Impex Ltd.                Non-FBL                    IND D        2860     Withdrawn
Qh Talbros Ltd                  Long-TL                    IND BBB      128.79   Suspended
Qh Talbros Ltd                  FB limits                  IND BBB /    420      Suspended
                                                           IND A2
Qh Talbros Ltd                  Non-FB limits              IND BBB /    170      Suspended
                                                           IND A2
Shri Gajanan Oil And Agro       TL                         IND B+       28       Suspended
Products Industries Pvt Ltd
Shri Gajanan Oil And Agro       FB Fac                     IND B+       130      Suspended
Products Industries Pvt Ltd
Solar Semiconductor Power       Senior project terms loans IND BBB(exp) 1500     Assigned
Note:- All Indian National-scale ratings previously assigned by Fitch have been transferred to
India Ratings & Research Private Ltd (India Ratings), which is a wholly owned subsidiary of the
Fitch Group. The withdrawn criteria are now available on India Ratings' website at

$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

INDIA RATINGS may apply + or - signs for ratings to reflect a comparative standing within the

BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate
of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial
Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference
shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN
-Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of
Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option
convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) -
Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non
Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture;
PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional;
PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass
Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference
notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured
Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short
Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable
Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222, E-mail at
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